As news came in of the suspension of services by Hyderabad-based regional carrier TruJet, the focus is back on India being a graveyard for airlines due to the competition, cost structure and other challenges. TruJet, which began operations in July 2015 and at its peak had seven aircraft, is the longest serving regional player, having managed so far to do something that many others in the sector haven’t been able to— survive. The history of Indian aviation is littered with dead airlines and more so in the regional space. The list includes casualties such as Air Costa, Air Pegasus, Paramount and Air Carnival. TruJet’s dream could end soon if it is not able to restart operations.
Last April, the airline was in the news of a possible scaling up with investments from NRI businessman Laxmi Prasad, who had earlier evinced interest in bidding for Air India. But there was little movement on that front, despite the airline having its air operating permit upgraded for national operations from the earlier regional routes.
TruJet made the most of the routes under Regional Connectivity Scheme - UDAN, being a major player in the first phase even as others like Air Odisha and Air Deccan faltered. But as the exclusivity period came to an end and with it the subsidy offered by the government, making routes work on a commercial basis—especially during the pandemic—became a large challenge.
Airports losing connectivity